XRP and BNB are two of the largest cryptocurrencies in terms of overall market cap, but both have experienced significant price crashes in recent years and months.
The reasons for these price drops can be attributed to a combination of market factors, which we’ll be highlighting quickly below…
XRP
In the case of XRP for example, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs (the company behind XRP) alleging that the token was an unregistered security.
This kind of high scale legal battle has caused uncertainty in the XRP market and led to a significant overall price drop for the project. Additionally, many crypto exchanges suspended trading of XRP following the lawsuit, such as Coinbase, which then further exaggerated the price decline by demotivating investors.
BNB
Similarly, Binance, the company behind BNB, have faced regulatory crackdowns in several countries, causing concerns among investors. For example, in May 2021, the Financial Conduct Authority (FCA) in the UK issued a warning against Binance, stating that the company was not authorized to operate in the country. This regulatory uncertainty caused a sharp drop in BNB’s price – and there have been no shortage of similar headlines since this event.
In fact, in the very same month that year, the Italian Securities Regulator CONSOB blocked access to Binance’s website in Italy, alleging that the exchange provided unauthorized investment services.
One of the worst BNB related headlines was when the Malaysian Securities Commission announced that Binance had been operating illegally in the country and had 14 days to shut down its operations. The announcement came after the commission found that Binance was allegedly operating a digital asset exchange without a license, and had facilitated money laundering and other illegal activities.
Why InQubeta Is Different
InQubeta offers a one-of-a-kind NFT marketplace that is essential in the investment process for AI start-ups. Here’s a quick overview of it works and why investors seem to be loving it so much…
First, AI start-ups generate NFTs that offer various rewards and/or equity in their company. These NFTs are created to provide value and incentives to investors, making them an appealing investment opportunity.
Once the NFTs are created, they’re listed on InQubeta’s NFT marketplace where potential investors can browse, evaluate, and select which NFTs to invest in. Investors interested in purchasing NFTs use $QUBE tokens, which streamlines the investment process and makes it secure and effective with the help of blockchain tech and smart contracts.
Then, when investors purchase NFTs, start-ups obtain the necessary funds to fuel their growth and innovation. Additionally, they benefit from the support of a strong community of $QUBE token holders who have a vested interest in their success – not to mention higher visibility and discoverability of their token to the masses.
NFT holders are entitled to the rewards and/or equity associated with the NFTs they bought, such as profit-sharing, exclusive access to products or services, or other benefits related to the success of the AI start-up.
In summary, InQubeta’s NFT marketplace connects AI start-ups with potential investors through the use of NFTs and $QUBE tokens, creating a mutually beneficial environment that supports the growth and success of AI technology start-ups while offering investors unique and valuable opportunities.
